This book examines how business schools seek to honour the ambition to both teach scientifically verified theories and practically useful concepts and models, and how the tensions derived from this duality may be problematic to handle.

Alexander Styhre is Chair of Management and Organization in the Department of Business Administration, School of Business, Economics and Law, at the University of Gothenburg, Sweden.

Chapter One: The question concerning practically relevant theories in business school settings Chapter Two: A primer on agency theory: The agency theory model in four propositions Chapter Three: Legal, economic, and sociolegal views of contracts: The case of the contractual features of corporate law Chapter Four: Advances in contract theory: Incomplete contracts are dependent on law enforcing entities Chapter Five: The business school as civic institution and industry-sponsored venture: On what theories that are selected to be taught